Analysis of January-November 2017 retail sales data: retail sales in the automotive category increased by 6 percent year-on-year
In November 2017, total retail sales of consumer goods amounted to RMB 3,410.8 billion, up 10.2% in nominal terms year-on-year (8.8% in real terms net of price factors; all the following are nominal growth unless otherwise noted).
From January to November 2017, the total retail sales of consumer goods amounted to RMB 331,528 billion, up 10.3% year-on-year. Among them, the retail sales of consumer goods of units above the limit were 1,457.53 billion yuan, an increase of 8.3%.
In terms of retail sales of automobiles, total retail sales of automobiles in November were $410.3 billion, up 4.2% from a year ago. Total retail sales of automobiles from January to November reached 3,780.5 billion yuan, up 6 percent year-on-year.
Total retail sales of automobiles and year-over-year growth rate in 2017